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good to be with you. >>> fiscal cliff talks, we are at a standstill, 32 hours before we reach the edge of this press cis miss. senate sfleshts taken the time out to speak after the butting heads on two key issue, one involving tax rates, the other social security. ali velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of the senate republican leadership, senator john thune, who just came out of the senate republican meet egg. senator, can you tell us where do things stand as far as republicans feel? >> well, look, republicans advanced a proposal last night. you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could
good to be with you. >>> fiscal cliff talks, we are at a standstill, 32 hours before we reach the edge of this press cis miss. senate sfleshts taken the time out to speak after the butting heads on two key issue, one involving tax rates, the other social security. ali velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of...
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yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer from the republicans to include in this deal, which has been from the democrats perspective, mostly focused on taxes to include in it, a change in a t
yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's...
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hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york will host what is arguably the biggest new year's eve party in the world. number one tip. if you plan to come to times square, dress warmly. it is frigidly cold. "cnn newsroom" starts right now. >>> good morning. i'm suzanne malveaux sitting in for carol costello. this morning the clock ticking louder. the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington.
hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just...
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Jan 1, 2013
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. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax,...
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ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now talking about this right now with the senate gone home and congress in there working and the light is on, but few people are at home. why are we doing this? >> there is no good explanation. there's definitely no justification and no excuse for this. this is like, don, when you at the beginning of the year, when you are in school at the beginning of the year and you have been assigned a big project and you leave it to the last night. when i used to do thoo i was punished. if kids behaved the way the congresspeople were, they would be in time-out. if it were the private sector, they'd all be fired.
ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now...
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it's not just the i-reporters baffled and worried about the fiscal cliff. wall street is baffled and worried. let's get straight to alison kosik at the new york stock exchange. investors clearly on edge and stocks are lower and up and down, they aren't going to make any big moves on the last day of the year not knowing what's going to happen with the cliff. >> a wait and see mode, christine. the stocks are flat right now. the investors are waiting for lawmakers to make their move. what's interesting this session, stocks started off deeper in the red. they turned around. they're more flat now because the market really is trading on these headlines coming out of washington. right now those headlines seem more positive than negative. volatility could pick up toward the close as we get closer to the deadline and investors get more uneasy about holding onto their positions because they're gun-shy to hold onto positions because they don't know which way lawmakers will go on wednesday when the markets re-open after new year's day. >> they made a lot of money this
it's not just the i-reporters baffled and worried about the fiscal cliff. wall street is baffled and worried. let's get straight to alison kosik at the new york stock exchange. investors clearly on edge and stocks are lower and up and down, they aren't going to make any big moves on the last day of the year not knowing what's going to happen with the cliff. >> a wait and see mode, christine. the stocks are flat right now. the investors are waiting for lawmakers to make their move. what's...
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cliff. we're just talking about politics, we're not talking about finances here. they have to go over the cliff. that strengthens boehner's hands because now everybody is paying a hell of a lot more taxes and people are blaming the republicans, and now boehner can go to the caucus and maybe get 200 and a few votes and then with nancy pelosi pick off a few democrats and make some kind of deal. having said that, the best thing for the country is never to come to a deal because ed rendell is right. as a former governor, we don't operate with big deficits. you can't do that and we're in trouble in this country financially. the long term and in the short term, yes, we'll have a recession. it won't be a bad one but it will be one and nobody wants a recession. in the long term i think wall street goes crazy and you will see 15,000, 17,000 in the dow because finally somebody has done something serious about the deficit. i don't believe they will if they come to an agreement. >> you know, governor re
cliff. we're just talking about politics, we're not talking about finances here. they have to go over the cliff. that strengthens boehner's hands because now everybody is paying a hell of a lot more taxes and people are blaming the republicans, and now boehner can go to the caucus and maybe get 200 and a few votes and then with nancy pelosi pick off a few democrats and make some kind of deal. having said that, the best thing for the country is never to come to a deal because ed rendell is...
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and seven hours till the united states formally goes over that fiscal cliff. a still combative president obama says an agreement is in sight and the senate leader mitch mcconnell says it's close as well. house republicans have decided they will not vote until after taxes have already gone up. they're supposed to go up after midnight. we have complete coverage of this breaking news story as well. let's begin this hour with our senior congressional correspondent dana bash. as we've been saying, we are going over the fiscal cliff. >> reporter: technically, that is true. house has decided that there's no point, from the perspective of republicans who run the house, to stay tonight, because the plan over the past two, three days, has been for the senate, which is down the hall behind me, tore vote on any kind of deal first, and then send it to the house. the senate isn't there yet. they're very close. but close doesn't give a bill to the people who need to write it and put it on the floor for votes. so that's the reason why house republicans decided they would just
and seven hours till the united states formally goes over that fiscal cliff. a still combative president obama says an agreement is in sight and the senate leader mitch mcconnell says it's close as well. house republicans have decided they will not vote until after taxes have already gone up. they're supposed to go up after midnight. we have complete coverage of this breaking news story as well. let's begin this hour with our senior congressional correspondent dana bash. as we've been saying,...
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will tumble off the fiscal cliff in less than 48 hours. that's the main reason why president obama's sat down for a lengthy interview that aired on nbc. >> there is a basic fairness that is at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which is a balanced, responsible package. they rejected the notion that the economy grows best from the top down. >> joining me now is republican senator bob corker of tennessee. let's start with what the president -- you heard what he said. look, he argues we had an election, i won, he did campaign quite heavily on raising taxes for those making over $250,000. and he says, i went to john boehner, i offered him a trillion dollars in cuts, we're talking two to one cuts to income rates, why didn't you just take it? >> well, candy, that's interesting. i watched the interview. i don't think any american has ever seen the trillion dollars in cut that he offered. >> well, he -- >> an
will tumble off the fiscal cliff in less than 48 hours. that's the main reason why president obama's sat down for a lengthy interview that aired on nbc. >> there is a basic fairness that is at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which is a balanced, responsible package. they rejected the notion that the economy grows best from the top down. >>...
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the clock is ticking, 12 hours before we hit that fiscal cliff deadline. if a deal is not reached, how is it going to affect us? the tax policy center crunched numbers. here's a couple scenario. if you're single with no kids and you make $50,000 a year, you you see your taxes go up by $1500. now, take a married couple with two kids making $100,000. they would see their taxes go up $5300 a year. i want to turn to christine patrolman m romans in new york to talk about the people that are really, really going to feel this immediately and it's going to have the greatest impact. who are they? >> the first people to feel it are on extended federal unemployment benefits. for them, for 2 million of them suzanne, on december 29th, that was the end of the last week of unemployment benefits for them. so immediately hundreds of dollars a week of unemployment benefits go away. for everyone else, anybody who works at a company and pays payroll taxes, your taxes will rise. it looks like that will happen no matter what. your pay dhek will be p smaller no matter what becau
the clock is ticking, 12 hours before we hit that fiscal cliff deadline. if a deal is not reached, how is it going to affect us? the tax policy center crunched numbers. here's a couple scenario. if you're single with no kids and you make $50,000 a year, you you see your taxes go up by $1500. now, take a married couple with two kids making $100,000. they would see their taxes go up $5300 a year. i want to turn to christine patrolman m romans in new york to talk about the people that are really,...
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five hours from now, the u.s. will plunge over the fiscal cliff. it may not be long, but it will be nerve-racking for millions. president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it gets solved at all. that's still not entirely clear. let's go to jessica yellin. if you've been watching over the last several hours, you get conflicting information. is there a deal or not? >> the white house is optimistic there will be a deal. republicans in the senate are confident there will be a deal. senate democrats are still holding out for more changes in this deal. and so right now, there's still that last haggling over certain sticking points that democrats want to see in this negotiation. and it's one of the reasons we understand that vice president
five hours from now, the u.s. will plunge over the fiscal cliff. it may not be long, but it will be nerve-racking for millions. president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it...
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in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white hou
in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just...
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word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right now. we're going to get the vice president right now. mr. vice president, do you have a deal? >> happy new year. >> mr. vice president, we're live on cnn. do you have a deal? >> happy new year. >> senator reid, how do you feel? got to love live tv. there you go. >> we do love live tv. dana bash doing an excellent job on capitol hill. the vice president smiling broadly, just saying happy new year. here's what we know so far. the house minority leader nancy pelosi, the senate majority leader, harry reid, they have spoken to the president, they have signe
word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right...
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the fiscal cliff negotiations. now vice president joe biden, he is heading to the hill for talks with the house democrats. this is a critical moment for the country. talking about 12 hours after the deadline for the government action has passed. the senate okayed a deal wee hours of the morning, prevent middle class income taxes from going up but raise rates on income of more than $400,000 a year for individuals, more than $450,000 for couples. now, unemployment benefits for 2 million americans would be extended for a year. what it does not address is the spending cuts. lawmakers plan to revisit the difficult issue. that is delayed two months from now. going to bring you all angles of the story here. of course following this, every single move. dana bash on capitol hill, jessica yellin at the white house, christine romans live from new york and alison kosik in new york, hearing from folks in a diner. dana, you were up really late into the night, early into the morning here, there is more business to be done and we
the fiscal cliff negotiations. now vice president joe biden, he is heading to the hill for talks with the house democrats. this is a critical moment for the country. talking about 12 hours after the deadline for the government action has passed. the senate okayed a deal wee hours of the morning, prevent middle class income taxes from going up but raise rates on income of more than $400,000 a year for individuals, more than $450,000 for couples. now, unemployment benefits for 2 million americans...
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breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remaining to go. about 36 hours remaining on the countdown clock. dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from the senate democratic leader, harry reid and down this haul, which you can't see from here, the same thing is going on with republicans. at the podium we hope to hear from senate majority leader, harry reid. in terms of where things stand, they're frozens it goes. earlier today, we explained that the reason from the democrats point of view is that they got an offer from republicans that includes what was known as chained cpi, which you've been explaining means social security checks would be smaller for social security recipients, which
breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remaining to go. about 36 hours remaining on the countdown clock. dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from...
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at half past the hour we'll check out the view of the fiscal cliff from hawaii. brianna keilar is traveling with the president. she's going to join us live. that's 25 minutes from now. >>> u.s. senator michael crapo s says he's deeply sorry for driving under the influence of alcohol. the republican who is also a mormon was pulled over, tested and arrested after running a red light early yesterday morning in virginia. he says he made a mistake and deal with whatever penalty he is given. >>> the u.s. navy seals are again mourning the loss of one of their own. a military official tells cnn that commander job price died of a self-inflicted gunshot wound. price was a commander officer of seal team 4, that's the unit with more than two dozen members that operates in central afghanistan. the official says there's no indication at this point that price was under any investigation or involved in any controversies. >>> former republican senator chuck hagel has not been nominated as defense secretary, but members of his own party already signaling an uphill confirmation bat
at half past the hour we'll check out the view of the fiscal cliff from hawaii. brianna keilar is traveling with the president. she's going to join us live. that's 25 minutes from now. >>> u.s. senator michael crapo s says he's deeply sorry for driving under the influence of alcohol. the republican who is also a mormon was pulled over, tested and arrested after running a red light early yesterday morning in virginia. he says he made a mistake and deal with whatever penalty he is given....
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right now, congress scrambling to reach a deal on the fiscal cliff before tuesday's deadline president the senate and house are convening while senate negotiators work at a plan to prevent massive spending cuts and tax hikes from kicking in january 1st. president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors making students pay a higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. >> in news overseas the bodies of the dead are being carried away in syria today. at least 397 people were killed saturday. that is the deadliest day so far in the 21-month long civil war. another 52 died today. the joint u.n. arab league envoy said the situation is rapidly deteriorating but that a solution is still possible. >>> in massachusetts boston's mayor lifted a snow emergency a little earlier today. more than a foot of snow fell on several towns across that state ov
right now, congress scrambling to reach a deal on the fiscal cliff before tuesday's deadline president the senate and house are convening while senate negotiators work at a plan to prevent massive spending cuts and tax hikes from kicking in january 1st. president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of...
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in only four hours, the united states will go over the fiscal cliff. >> i'm ali velshi in new york. as the clock strikes midnight, the ball drops and the confetti falls, this country will be facing a dangerous combination of tax hikes for all americans and across the board spending cuts. >> but there is a deal in sight. democratic and republican sources insisting the senate hopes to vote on a final bill before midnight tonight. here's what some of the plan will likely look like. among other things, an increase in the tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax rate, but the house of representatives has already gone home. and that means regardless of what the senate does, we will technically go over the fiscal cliff at midnight eastern time. let's get straight to our senior congressional correspondent, dana bash. she's following all of this. what's the very latest? >> it may look like there's a lot of action going on here in the halls of congress, but they're all people like you and me. they're all reporters w
in only four hours, the united states will go over the fiscal cliff. >> i'm ali velshi in new york. as the clock strikes midnight, the ball drops and the confetti falls, this country will be facing a dangerous combination of tax hikes for all americans and across the board spending cuts. >> but there is a deal in sight. democratic and republican sources insisting the senate hopes to vote on a final bill before midnight tonight. here's what some of the plan will likely look like....
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there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republican
there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader...
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let's get our viewers up to speed on the talks that are trying to prevent the looming fiscal cliff. >> with the fate of the nation in the balance the senate is going home. that's right. no vote tonight on the senate side. the chamber will reconvene tomorrow at the bright and early hour of 11:00 a.m. eastern. >> oh, my gosh. >> 11:00 a.m. i would have thought they might have gone home for a few hours, had a shower, and come back to work. with just 13 hours until the deadline they will reconvene. the house is waiting on the senate. so nothing is getting done there. if you bet this would come down to the wire, you were right. >> gosh, they have to get up before the crack of noon. i can't believe it. >> i know. >> of course, not everyone on capitol hill will have an early bedtime. republican senate leader mitch mcconnell already working with vice president joe biden on a deal, ali. talks between the two parties could continue late into the night, i guess, but with each minute that passes, our chances of avoiding this fiscal cliff, well, they become slimmer and slimmer and slimmer. >> exce
let's get our viewers up to speed on the talks that are trying to prevent the looming fiscal cliff. >> with the fate of the nation in the balance the senate is going home. that's right. no vote tonight on the senate side. the chamber will reconvene tomorrow at the bright and early hour of 11:00 a.m. eastern. >> oh, my gosh. >> 11:00 a.m. i would have thought they might have gone home for a few hours, had a shower, and come back to work. with just 13 hours until the deadline...
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so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica yellin. let's talk a little bit about the outlines of the deal, the fact that the president came out to make his case and try to push this thing over the finish line. what does the white house have to do to gain the backing it needs. >> reporter: well, what we heard from the presiden
so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible...
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Jan 1, 2013
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now it is up to the house to stop the fiscal cliff. that's $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote by the house is not yet scheduled. a multiple representative took to the store today floor today vote would be no. >> i wish i could say this was a proud moment, a moment in which we started the year off right, in which the first of january was the first of great many good things. it isn't. we're kicking the can down the road. and worse than that, when faced with a mountain of debt that we were heading for, like an airplane, did we climb over it? no. what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. >> well, joining us now from capitol hill, representative peter welsh, democrat of vermont. we see some democrats moving to the podium. they are also scheduled to speak. congressman welsh, we don't want to interrupt you. so nancy pelosi stepping to the podium. let's take a quick listen. >> well, we just finished a standing room onl
now it is up to the house to stop the fiscal cliff. that's $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote by the house is not yet scheduled. a multiple representative took to the store today floor today vote would be no. >> i wish i could say this was a proud moment, a moment in which we started the year off right, in which the first of january was the first of great many good things. it isn't. we're kicking the can down the road. and worse than that,...
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Jan 1, 2013
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cliff in the next few hours. stand by. we're watching. also ahead, a dangerous blood clot between her brain and her skull. what will it mean for hillary clinton's future politically and personally? we're taking a closer look. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean.
cliff in the next few hours. stand by. we're watching. also ahead, a dangerous blood clot between her brain and her skull. what will it mean for hillary clinton's future politically and personally? we're taking a closer look. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us....
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Dec 26, 2012
12/12
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we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the nation's capital, a long-time friend of the gun lobby. he's been tapped to lead the nra plan to put armed guards in schools.nra plan to put armed guards in school. also the weather is a very big story. blizzard conditions in indiana and other places. we'll take a look at just how bad that can get. all that at the top of the hour. >> joe johns, thank you. >>> they inspire us, sometimes they even anger us. they're the most intriguing people of 2012. so who made the list? broo brooke baldwin counts down the top ten people who shaped the year that was. >> number
we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the...
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Dec 27, 2012
12/12
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much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administrator she tackled pollution problems in poor community communities. oil drilling and coal regulations. all those things on her plate. jackson said she is confident epa is headed in the right direction. >>> winter storm causing some real headaches. millions of folks in the mid-atlantic states, we're looking at heavy snow, torrential rain, strong winds, dangerous travel conditions from here, washington, d.c., all the way to maine. snowfall is especially heavy in northern new york, new england. up to a foot of snow could fall there. drew cuomo is urging folks
much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level...
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Dec 27, 2012
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every day -- you know how you count down to christmas, now we're counting down to the fiscal cliff. we'll be talking a lot about that today, including the health of former president george h.w. bush. >> candy crowley, we'll see you at the top of the hour. appreciate it. it's the end of one of the most popular comic books of all time. the amazing spider man has hit the shelves but some p controversial events have caused the comic to be in a frenzy. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> this is some of the most incredible video that we've seen in a long time. all right? if you're not looking at the video, this
every day -- you know how you count down to christmas, now we're counting down to the fiscal cliff. we'll be talking a lot about that today, including the health of former president george h.w. bush. >> candy crowley, we'll see you at the top of the hour. appreciate it. it's the end of one of the most popular comic books of all time. the amazing spider man has hit the shelves but some p controversial events have caused the comic to be in a frenzy. [ male announcer ] it's that time of year...
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Dec 24, 2012
12/12
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. >>> here in washington, hope is fading for a deal before the country reaches the fiscal cliff just eight days from now and we are counting really by the hour at this point until we go over the edge. congress and the president are not here. they have stopped trying for now. home from the holidays and not that optimistic about a christmas miracle. listen to retiring senator joe liberman on "state of the union." >> i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever, in american history. >> are white house correspondent prix anna kebrianna keilar is traveling with the president and joins us from hawaii. >> they can still talk, right? true. but the people who matter are not. perhaps the lines of xhoukz are open between the white house and senate democrats. but the white house at this point is not in discussion with not only speaker john boehner but the senate minority leader, mitch mcconnell and perhaps because of that, you have som
. >>> here in washington, hope is fading for a deal before the country reaches the fiscal cliff just eight days from now and we are counting really by the hour at this point until we go over the edge. congress and the president are not here. they have stopped trying for now. home from the holidays and not that optimistic about a christmas miracle. listen to retiring senator joe liberman on "state of the union." >> i feel it's more likely we will go over the cliff than...
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Dec 24, 2012
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. >>> fiscal cliff talks heading into the 11th hour. >> u.s. economy is at stake here. >> you cannot pass a bill with just republicans. on a broad thing like this, you need both. >> but will anyone rise above and get it done? a debate from both sides of the aisle. plus guest host jason trennert on the impact for the markets. >> the final details on retail. the winners and losers as last-minute shoppers make one final rush to get the latest deals. >> i got it. i got it. >> the second hour of "squawk box" starts right now. ♪ chestnuts roasting on an open fire. jack frast nipping at your nose. yuletide carols -- >> good morning. welcome to "squawk box" on cnbc. >> love that sweater. that's unbelievable. we've got to fade in and out between the fire and that sweater. >> that's joe kernen, i'm andrew ross sorkin. becky quick is probably happily off at this point. in studios with his,000s on the market and the fiscal cliff this morning, jason trennert. >> that tie. >> he's got the red tie. >> santa tie. >> take a look at the futures, see how this h
. >>> fiscal cliff talks heading into the 11th hour. >> u.s. economy is at stake here. >> you cannot pass a bill with just republicans. on a broad thing like this, you need both. >> but will anyone rise above and get it done? a debate from both sides of the aisle. plus guest host jason trennert on the impact for the markets. >> the final details on retail. the winners and losers as last-minute shoppers make one final rush to get the latest deals. >> i got...
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Dec 26, 2012
12/12
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i mean, the willingness -- maybe we will get an 11th hour agreement that avoids the fiscal cliff, but it will be a fairly minimal agreement. nothing like a big comprehensive deal. especially the republicans are having difficulty making the compromises you need to move forward in what is a very closely divided society. what is the alternative? you have a republican house but a democratic president who will be there for four years and a reasonable prospect if hillary clinton runs in 2016, a democrat will hold the white house then. what are we waiting for. in 1997 even, when a democratic president was reelected along with a republican congress, they said none of us are going away, we have to make a deal. that's not really happening yet. >> so tglass is half full for you? >> i think it can still happen, but i felt for a long time there are only two choices. either we go over the cliff and clean it up after, or john boehner has to be a babandon th that they will only bring a bill to the floor if it's supported. i don't think there is a bill that a majority of house republicans will vote fo
i mean, the willingness -- maybe we will get an 11th hour agreement that avoids the fiscal cliff, but it will be a fairly minimal agreement. nothing like a big comprehensive deal. especially the republicans are having difficulty making the compromises you need to move forward in what is a very closely divided society. what is the alternative? you have a republican house but a democratic president who will be there for four years and a reasonable prospect if hillary clinton runs in 2016, a...